Goals

Omnity's ultimate goal is to connect thousands of blockchains, facilitate millions of cross-chain transactions per day, gain significant protocol income from the volume, and make itself and IC the indispensable infrastructure of the blockchain world.

For Web 3.0 communities, Omnity can be seen as a white-labeled, trustless, and permissionless version of Circle’s Cross-Chain Transfer Protocol (CCTP). By leveraging Omnity, any community can have its own CCTP for its tokens without bothering to write a line of code. What’s more, Omnity has an embedded mechanism for sharing fees with any entities, like information portals and wallets, that brings usage to the protocol.

Omnity will start from a fungible token transfer protocol with basic extensibility imitating IBC Hooks. But the whole infrastructure is quite asset-type neutral. Adding new anchor points (Export and Port) to connected blockchains allows Omnity to support NFT assets without too much trouble. We expect Bitcoin Ordinals NFTs will go multi-chain via Omnity in Q4 2024, followed by Ethereum NFTs.

Arbitrary Messaging Bridges(AMB) are a different beast. Although we haven’t figured out exactly how to overlay AMB on the Omnity network, we don’t see any outstanding roadblocks to do that. For now, we will leave Omnity AMB design and elaboration to future works.